Tuesday 17 November 2009

Ukraine needs investment from UAE, says Yuschenko

Ukraine needs investment from the United Arab Emirates (UAE), Ukrainian President Viktor Yuschenko said at a meeting with businessmen from the Gulf in Abu Dhabi on Monday.

"The fact that Ukraine will be hosting the Euro 2012 creates opportunities for investor interaction," the president said.

He said the amount of potential investment in the Euro 2012 is $25 billion, including $5 billion to be injected into the construction of highways.

Yuschenko said that Ukraine and the UAE could cooperate in the energy sector, including in the generation of clean energy and energy saving. He said Ukrainian companies are ready to cooperate in projects for the creation of wind power stations and the production of solar panels.

Moreover, he added, Ukraine has great potential in agriculture.

Yuschenko also said that during negotiations, the sides had agreed that a group of experts would visit Ukraine in the next two weeks to study Ukraine's agricultural sector and analyze potential projects.

"Ukraine has really great opportunities in that sector, and we'd like to realize them jointly," he said.END

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